The Famous/Infamous JF (Jim) Straw July E Letter - Here for your reading pleasure...

Dien,

Thanks for sharing the Reasons.

For how and why the current oil fiasco isn't so cut and dried as Economics 101, read my post in the Oil thread http://www.sowpub.com/forum/showthre...1671#post21671

As I wrote elsewhere a few years ago... the housing mess was caused by the Clinton/Greanspan monetary policies.

My Predictions were... the GOP would lose both Houses of parliament (it happened). The housing market would collapse and whomever won in 2004 would be out in 2008 (which is why it pained me to suggest to let the Dems to win in 2004 so the mess would happen on their watch - and Labor let win in Australia so they'd be one term deals as well).

Now. Despite all this foreknowledge... we are now in a bit of a mess. BUT, it is not global per se. As various Sectors in the market experience growth and some cities are booming.

My biggest frustration is the insane rush into Man Made Climate Change ruin. With Pollies and the media talking about it as if we All agree and it's a foregone conclusion Man has made this climate change in the last few decades. With New "Green" taxes being applied to Stop Global Warming - even our leader has toyed with adding a Tax to petrol to help Fight it. How these funds will Fight anything is never asked or mentioned.

In short, my frustration at this Tool of Control being used.

It's like, people in a few hundred years time will look back at the actions of those of today and think them loonies for the way they carry on - just as we think people of the Middle Ages had some whacked out beliefs.

Michael Ross